Aramark $ARMK Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its holdings in Aramark by 89.3% in the first quarter, owning a total of 17,955 shares valued at approximately $620,000.
• Aramark reported earnings of $0.40 per share for the recent quarter, meeting analysts' expectations, with a revenue of $4.63 billion, reflecting a year-over-year growth of 5.7%.
• The company declared a quarterly dividend of $0.105 per share, resulting in an annualized dividend yield of 1.1% and a payout ratio of 31.11%.

American Century Companies Inc. raised its holdings in shares of Aramark (NYSE:ARMK - Free Report) by 89.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,955 shares of the company's stock after purchasing an additional 8,468 shares during the period. American Century Companies Inc.'s holdings in Aramark were worth $620,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ARMK. Massachusetts Financial Services Co. MA grew its stake in shares of Aramark by 29.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 17,605,896 shares of the company's stock worth $607,756,000 after purchasing an additional 4,012,162 shares during the period. PointState Capital LP increased its stake in shares of Aramark by 135.4% in the 4th quarter. PointState Capital LP now owns 2,690,617 shares of the company's stock worth $100,387,000 after acquiring an additional 1,547,792 shares during the last quarter. Nuveen LLC purchased a new stake in Aramark in the first quarter valued at $37,476,000. Egerton Capital UK LLP increased its holdings in Aramark by 79.0% in the 1st quarter. Egerton Capital UK LLP now owns 2,075,126 shares of the company's stock valued at $71,633,000 after purchasing an additional 916,054 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Aramark by 16.3% in the first quarter. Dimensional Fund Advisors LP now owns 5,762,907 shares of the company's stock valued at $198,922,000 after purchasing an additional 809,792 shares in the last quarter.

Aramark Price Performance

Aramark stock traded down $0.28 during midday trading on Wednesday, reaching $38.17. The company's stock had a trading volume of 2,384,913 shares, compared to its average volume of 1,853,337. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.14 and a current ratio of 1.29. The stock's 50 day simple moving average is $41.09 and its 200 day simple moving average is $38.18. Aramark has a fifty-two week low of $29.92 and a fifty-two week high of $44.49. The firm has a market capitalization of $10.03 billion, a PE ratio of 28.27 and a beta of 1.22.

Aramark (NYSE:ARMK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Aramark had a return on equity of 15.67% and a net margin of 2.02%.The business had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same quarter in the previous year, the company posted $0.31 EPS. The business's revenue was up 5.7% on a year-over-year basis. Aramark has set its FY 2025 guidance at 1.910-1.980 EPS. On average, equities research analysts forecast that Aramark will post 1.92 earnings per share for the current year.

Aramark Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Wednesday, August 6th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, August 6th. Aramark's payout ratio is currently 31.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $47.00 price objective on shares of Aramark in a report on Wednesday, May 14th. UBS Group set a $46.00 target price on shares of Aramark and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Aramark from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Baird R W upgraded shares of Aramark from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Finally, Robert W. Baird upgraded shares of Aramark from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $43.00 to $47.00 in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Aramark presently has a consensus rating of "Buy" and an average price target of $45.44.

About Aramark

Aramark provides food and facilities services to education, healthcare, business and industry, sports, leisure, and corrections clients in the United States and internationally. It operates through two segments, Food and Support Services United States, and Food and Support Services International. The company offers food-related managed services, including dining, catering, food service management, and convenience-oriented retail services; non-clinical food and food-related support services, such as patient food and nutrition, retail food, environmental services, and procurement services; and plant operations and maintenance, custodial/housekeeping, energy management, grounds keeping, and capital project management services.